• Growth in Australian tourism boosts biggest hotel building boom

    6 days ago - By Travel and Tourworld

    Tourism Accommodation Australia intends to add 272 hotels in the Australia's capitals over the next six years. That would mean 45,000 new rooms. TAA said that over last three years more than 40 new hotels had been built across the country since then.
    Just 3,000 hotel rooms were added in both Sydney and Melbourne each between 2000 and 2016. As per TAA data a four- and five-fold increase respectively, is expected by 2025. Another 11,600 rooms are due to be added to the Sydney market and more than 15,000 more in Melbourne.
    The style of hotels has undergone sea change since 2000. The popular...
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  • Macau casino shares go up during China Lunar New Year holiday

    Macau casino shares go up during China Lunar New Year holiday

    7 days ago - By Travel and Tourworld

    Macau casino shares soared after China's Lunar New Year holiday witnessed tourism growth double to the world's biggest gaming hub.
    The Macau tourism office said that China mainland visitors to Macau reached almost 900,000 during the week-long Chinese New Year holiday, going up by 26 percent from last year's festive holiday.
    The tourism numbers during the lunar holiday made a bright spot amid concerns that high rollers are staying away from the gaming tables in the territory as China's economic slowdown and trade tensions create tension over consumer spending. Monthly casino revenue in...
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